XSport Global, Inc. (OTCPK:XSPT) announced that it has entered into a securities purchase agreement with an accredited investor for private placement of a 10% convertible promissory note for gross proceeds of $75,000 on February 6, 2019. The note will be issued at par. The note will mature on November 6, 2019. The note is convertible into common shares of the company any date after issuance, after which the note may be converted into common share at a 40% discount to the lowest trading price of the share during the 20 trading days prior to the date of the conversion notice, or the closing bid price, whichever is lower. The note may be prepaid in full on any day on or prior to August 7, 2019, but is subject to prepayment premiums that increase over time. The conversion price shall be variable conversion price. The company will also issue the noteholder a warrant expiring on February 5, 2024 and providing for the purchase of up to 37,500 shares at an exercise price of $0.50 per share.